Q: What do you do when a dinosaur stock's best days are behind it? A: Raise its P/E 250% in the last six months. (Ba dum bum!)
No solid announcement this time.
This miss and it takes out 50 and could be tomorrow's disaster du jour.
Long Apr. 50 puts now and in last 1/2 hour today.
It's topline has gone nowhere for three years. The P/E flatlined near ten for those three years. Why 30+ now on P/E? You have no facts to justify that idiocy. Barron's journalists? Those are your financial advisors? What do they make now? $70K? Have fun tomorrow.